In this article, we discuss the 5 notable earnings reports to watch. If you want to read our detailed analysis of these companies, go directly to the 10 Notable Earnings Reports to Watch.
5. Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY)
Number of Hedge Fund Holders: 28
Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY) has an interesting history. Back in the 1970s, James Buster Corley started a restaurant, and around the same time, Dave Corriveau was operating a place for entertainment and games. In 1982, Corley and Dave met each other and came up with the idea of opening first Dave Buster’s. Since then, the company has been offering high-quality food and beverage as well as sports and other entertainment under one roof.
The company recently came into the limelight after beating expectations for the second quarter. Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY) reported earnings of $1.07 per share for the three months ended August 1, compared to a loss of $1.24 per share in the year-ago quarter.
Revenue came in at $377.6 million, up 642.9 percent versus the comparable period of 2020. Analysts were expecting Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY) to report earnings of 58 cents per share on revenue of $358 million.
CEO Brian Jenkins praised the results, saying:
“Dave & Buster’s second quarter was clear evidence that the brand is back, posting record revenues and EBITDA with all 142 stores open as of the end of the quarter.”